Tools & Calculators

We offer you many calculators to help you answer important financing questions. There are a number of ways to approach an affordability analysis, and these calculators allow you to assess the effects of different variables when buying a home.

Mortgage calculator

This utility will allow you to calculate your approximate loan payment based on factors that you input, such as different loan amounts, loan terms, interest rates, taxes and insurance.

* Do not use commas in your figures

Loan Amount:	Term in Years:	Interest Rate:

Annual Tax:	Annual Insurance:

Results:
Monthly Principal and Interest:
Monthly Tax:
Monthly Insurance:
Total Payment:

* Figures are an estimate and should be verified with a mortgage lender.

How Much Can I Afford?


See if Your Income is Sufficient to Qualify
Desired Mortgage for New Home
Mortgage Term	Years
Interest Rate	%
Annual Real Estate Tax
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).


Summary
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
Your salary must meet the following two conditions: Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments. Your gross (pre-taxes) monthly salary must be greater than 36% of the sum of the monthly mortgage, monthly tax and other monthly debt payments. DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

Amortization schedule and calculator


Use the Mortgage Calculator to input different interest rates, loan amounts, and mortgage lengths to estimate your monthly payments. The Mortgage Calculation Results section shows a monthly payment amount and the total amount of interest you would have paid over the life of your loan. Click the Amortize button to see how much of your payment would go towards the principal and how much towards the interest at any point in time during the term of your loan. This loan calculator should be used only as an estimation as it doesn't allow for taxes and insurance.
Mortgage Calculator
First Payment Year
Loan Amount
Interest Rate	%
Mortgage Term	Years


Mortgage Calculation Results
Payment Amount
Total Interest
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is ne cessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

How much are my payments?


Use our mortgage calculator to determine your monthly payment amount. Estimate your taxes and insurance so that these amounts will be included in the payment calculation. Enter amounts in the fields and the mortgage calculator will give you your monthly mortgage payment amount!
Mortgage Calculator
Mortgage Term	Years
Interest Rate	%
Loan Amount
Annual Real Estate Tax
Annual Insurance


Mortgage Calculation Results
Monthly Principal + Interest
Monthly Tax
Monthly Ins
Total Monthly Payment
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

How much can I borrow?


Use the following calculator to determine the maximum monthly payment principle plus interest (P+I) and the maximum loan amount for which you may qualify.
Monthly Income
Salary/Wages
Other Income

Monthly Housing Expenses
Condo/Maintenance Fee
Property Taxes
Hazard Insurance

Other Monthly Expenses
Auto Payment
Credit Cards and Other Payments

Loan Term and Interest Rate
Loan Term	Years
Interest Rate	%


Results
You may qualify for a maximum monthly mortgage payment (P+I) of
You may qualify for a maximum loan amount of
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

How much can I save by consolidating my debt?


Use our calculator to see how much you can save (please do not include any dollar signs or commas).
Your Current Debt Arrangement
	# of Payments	Interest Rate	Loan Amount	Monthly Payment	Total Interest
Debt #1
Debt #2
Debt #3
Debt #4
Debt #5
Debt #6
Debt #7
Debt #8
Debt #9
Debt #10

Compare Your Savings with a Consolidation Loan
	# of Payments	Interest Rate	Total Debt	Monthly Payment	Total Interest
Consolidation Loan
DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

How much of a down payment do I need?


Loan Information
Sales Price of Home
Down Payment Percentage	%
Estimated Interest Rate	%
Discount Points Paid at Closing	%
Mortgage Term

Additonal Expenses
Estimated Annual Property Taxes
Estimated Annual Homeowners Insurance


Mortgage Results
Mortgage Amount
Down Payment Amount
Discount Points
Closing Costs
Prepaids
Total Cash

Monthly Payments
Monthly Principal & Interest Payment
Estimated Monthly Property Tax Payment
Estimated Monthly Insurance Payment
Total Estimated Monthly Payment
Estimated APR	%
DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

I want to compare 3 different loans


This calculator will allow you to compute up to three loans and compare the results.
Loan #1
Mortgage Term
Interest Rate	%
Loan Amount

Monthly Payment for Loan #1


Loan #2
Mortgage Term
Interest Rate	%
Loan Amount

Monthly Payment for Loan #2


Loan #3
Mortgage Term
Interest Rate	%
Loan Amount

Monthly Payment for Loan #3

DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

Interest Only Calculator

Loan Amount:	Term in Years:	Interest Rate:

Monthly Payment:
Total of Payments:
Number of Payments: